Reducing the amount of greenhouse gasses (GHG) emitted by cities is critical to tackle the current climate crisis. At the local level, cities might plan and execute policies related to renewable energy (RE), but they often face the challenge of obtaining funding for implementing RE projects, as the access to financial resources is usually locked behind the formulation of bankable projects. Unfortunately, local governments may not always have the technical capacity to create sound and structured RE projects, as expected by financial institutions.
One solution could be the incorporation of regular capacity-building sessions into cities’ standard operating procedures (SOPs), such as onboarding processes, and transferring the necessary knowledge to create RE bankable projects. The program should involve city planners and administrators, enhancing their abilities to obtain financing for RE projects, going through the pre-investment, and investment phases, while addressing topics related to project development, such as governance, technical and financial aspects of the projects. An 11-step guide is available for interested local governments.
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